Report: Economists increasingly worried about recession in 2020
The average of panelists' probability estimates for a 2020 recession rose to 38.3%, up from 36.6% over the summer.
Panelists for Wolters Kluwer's Blue Chip Economic Indicators, New York, are increasingly worried about a recession. The panelists indicated that although the Federal Reserve's monetary policy remains supportive, economic growth expectations are wrought with uncertainty, particularly over international trade issues and economic conditions abroad.
The average of panelists' probability estimates for a 2020 recession rose to 38.3%, up from 36.6% over the summer, while the average of the probability estimates of the 10 most pessimistic panelists increased from 52% to 56%.